Moody's rates Omnia Holdings Baa1.za

Moody's Investors Service said it assigned a first time national scale issuer rating of Baa1.za to Omnia Holdings Ltd.

The outlook is stable.

The rating reflects relative strong credit metrics, significant market position of all three business units, diversification and strong underlying market fundamentals, Moody's said.

The rating is restrained by cyclicality of the agriculture and mining industries, fiercely competitive markets, exposure to commodity prices and volatility across all three of its business divisions and weak liquidity position, the agency said.

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